Chemical Bank Bay Area in Bay City, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2001

  • Chemical Bank Bay Area in Bay City, Michigan (MI)
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Chemical Bank Bay Area - Overview

  • General
  • FDIC Certificate #: 12733
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank (#1003)
    Federal Reserve ID: 40145
    Date Established: September 11, 1871
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 78 (Interstate: No)
    FDIC's unique #: 8072
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2001
    Last Structure Change Process Date: Febuary 08, 2001
    Last Data Update: Febuary 08, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 213 Center Avenue, Bay City, MI 48706
    County: Bay
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Saginaw-Bay City-Midland, MI (#6960)
    Combined Statistical Area (CSA): Saginaw-Bay City-Saginaw Township North, MI (#474)
    Core Based Statistical Area (CBSA): Bay City, MI (#13020)
    CBSA Metro Statistical Area: Bay City, MI (#13020)
  • Financial Summary
  • Total assets: $248.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2000)

  • Dollar figures in thousands
  • 116Total employees (full-time equivalent)
  • $248,202Total assets
  • $12,962Cash and due from depository institutions
  • $0Interest-bearing balances
  • $89,399Securities
  • $11,800Federal funds sold & reverse repurchase agreements
  • $126,012Net loans & leases
  • $2,533Loan loss allowance
  • $0Trading account assets
  • $2,591Bank premises and fixed assets
  • $121Other real estate owned
  • $2,079Goodwill and other intangibles
  • $0Life insurance assets
  • $3,238All other assets
  • $248,202Total liabilities and capital
  • $223,070Total liabilities
  • $212,620Total deposits
  • $175,521Interest-bearing deposits
  • $212,620Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,844Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,603Other borrowed funds
  • $0Subordinated debt
  • $1,003All other liabilities
  • $25,132Total equity capital
  • $25,132Total bank equity capital
  • $25,132Perpetual preferred stock
  • $0Common stock
  • $6,560Surplus
  • $7,830Undivided profits
  • Memoranda
  • $10,742Noncurrent loans and leases
  • $5,936Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $169Earning assets
  • $0Long-term assets (5+ years)
  • $683Average Assets, year-to-date
  • $227,211Average Assets, quarterly
  • $32,923Volatile liabilities
  • $244,536Insider loans
  • $246,028FHLB advances
  • $20,143Loans and leases held for sale
  • $425Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,936Total unused commitments
  • $0Restructured Loans and leases
  • $1,654Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $16,131Total interest income
  • $6,762Total interest expense
  • $9,369Net interest income
  • $15Provision for loan and lease losses
  • $1,280Total noninterest income
  • $0Fiduciary activities
  • $738Service charges on deposit accounts
  • $0Trading account gains & fees
  • $542Additional noninterest income
  • $6,243Total noninterest expense
  • $3,485Salaries and employee benefits
  • $958Premises and equipment expense
  • $1,800Additional noninterest expense
  • $4,391Pre-tax net operating income
  • $2Securities gains (losses)
  • $1,359Applicable income taxes
  • $3,034Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,034Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $69Sale, conversion, retirement of capital stock, net
  • $3,270Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.18%Yield on earning assets
  • 3.01%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.78%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 12.18%Return on equity (ROE)
  • -0.95%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 21.74%Credit loss provision to net charge-offs
  • 63.86%Efficiency ratio
  • 56,325Assets per employee
  • 2.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 107.78%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 1498.82%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 59.27%Net loans and leases to core deposits
  • 62.41%Equity capital to assets
  • 10.13%Core capital (leverage) ratio
  • 9.32%Tier 1 risk-based capital ratio
  • 17.29%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $244,536Average earning assets
  • $24,910Average equity
  • $224,817Average loans

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